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Stocks rise, oil falls as Trump eases Iran threats
BusinessLine· 2026-03-23 16:35
A possible de-escalation in the West Asia conflict rippled through markets, with oil falling and stocks rising as US President Donald Trump said he’d postpone strikes on Iranian energy infrastructure after what he described as productive talks toward ending hostilities.Brent dropped as much as 14% to $96, before paring the move and hovering near $102 as Iranian media reported there hasn’t been any communication with the US. The S&P 500 added 2%. Treasury yields and the dollar retreated, with traders lighten ...